Isa confusion

sazandy25

Hi, hoping someone is going to help us.

Me and my wife have £2000 each, currently in natwests e-isa (paying a dismal 2.00%). (2 seperate isas)

Don't want to lock the money away, in case its needed.

Do we transfer to a new isa before the tax deadline? (virgin 2.85%)
OR
Do we transfer to a new isa after the tax deadline?
OR
Each open a new isa in the new tax year? (then hope we don't come into money and want to pay more in)

When will be best to get the best rates?

Also, interest monthly or interest annually? (I prefer monthly, so I can see the money trickling in) but is there much difference.

Thanks

talana

Do we transfer to a new isa before the tax deadline? (virgin 2.85%)
OR
Do we transfer to a new isa after the tax deadline?

Providing the rate offered is acceptable to you, doesn't really matter whether you transfer now or after April 6. Whether there will be better rates on offer then is a hard one to call...

Each open a new isa in the new tax year? (then hope we don't come into money and want to pay more in)

If you have more money to pay in then you can do this as well. Whether or not you transfer old money as above has no bearing on this.